As this develops keep an eye as i keep updating the chart if necessary. Thank you for your support traders.
Potential emerging Gartley/Butterfly pattern appearing on this chart. Francs are expected to appreciate against Danish Crowns.
CHFDKK on the weekly chart has been inside a channel for the whole uptrend. Lately the market has lost the positive momentum and price broke the daily structure in blue and test twice the weekly structure in red. If the market will manage to break below the weekly structure we can set a nice short order according with our strategy. ––––– Follow the Shrimp 🦐 Here...
Looks like to a good entry for long. Good luck :)
Weekly trending upwards - Lagging span above cloud - Future cloud bullish - Conversion > Base line - Price above cloud Daily trending upwards - Lagging span above cloud - Future cloud bullish - Conversion > Base line - Price above cloud Target resistance level
CHFDKK potential short, graph moving up in a ascending triangle pattern. Candle got rejected at 6.062 resistance currently forming a bearish doji candle. Depending on today’s day candle close, if the bears continue to push it down, it is possible to enter into short position target at the next support area.
A break from the usual ! An exotic currency pair at best, but the principles the same..
Long CHFDKK @ 6.40; TP @ 6.52, SL your choice
SHORT DKKCHF AT 15.3050/15.3200 STOP LOSS AT 15.4900 TARGET 1. 14.5000 TARGET 2. 14.3000 TARGET 3, 14.2000 DURATION: 2-5 MONTHS